Aussie surges as growth tops forecasts AUD/USD climbed to the highest in almost two months after the Chinese economy grew more than expected in the first quarter. The economy expended 6.4% from a year earlier, beating economists’ forecasts of a 6.3% increase and equaling the growth seen in Q4 2018. On a quarterly basis, growth
Canadian election, CTV projection is tipping the United Conservative party led by Jason Kenney to win. Had been the opposition party, look set to take power. And to win with a majority government. A majority government should set up better governance than some sort of cobbled together coalition we are seeing in so many parliaments.
The latest update on the Canadian Alberta province election cites that CTV is projecting the United Conservative party led by Jason Kenney to win. The Canadian dollar is seen flirting with daily tops near 1.3345 region against its American counterpart, as the USD/CAD pair looks to extend its retreat from 1.3372 highs.
Daily Markets Broadcast 2019-04-17 Wall Street rebounds on earnings US indices rallied yesterday with some better-than-expected earnings driving the move. The US30 index hit six-month highs while the NAS100 index came within a whisker of its record high. China’s Q1 GDP growth data are due today which will determine near-term direction. US30USD Daily Chart Source:
US Trade Representative Lighthizer: Says US, Japanese top trade officials discussed goods, including agriculture, and digital trade in Washington talks Says US side raised concerns about “very large” trade deficit with Japan, agreed to meet in the near future Bolding mine. Expect some fireworks out of this upcoming summit. Perhaps some yen tweets from you
Eurogroup President Mario Centeno was on wires recently. Mr. Centeno shed lights on the anticipated Eurogroup budget while saying: A future euro area budget would be a complement to monetary policy and would also add a new instrument to the eurozone’s toolkit. It should also be noted that Eurozone lawmakers have so far given little
The Canadian dollar rose on Tuesday. The loonie was not helped by positive domestic data as factory sales were down 0.2 percent in February coming in lower than expected at no gain. Oil prices were the major factor in the CAD rebound. Supply disruptions took crude prices higher as the OPEC+ continues to limit production.
An Early Look at Q1 Earnings Photo Credit: Shutterstock Earnings season for Q1 is upon us. Will the real data on how companies are doing this year ease the worry we have seen surrounding earnings? So far, the news seems positive. Earnings beating expectations As of the end of last week, with 6 percent of
There’s a legal conflict brewing between outspoken members of the bitcoin community and the controversial computer scientist who claims to be the cryptocurrency’s creator. It’s a complex story to untangle, but it boils down to Australian computer scientist Craig S. Wright – who has claimed to be bitcoin’s pseudonymous creator since 2016 – sending out
Labour would likely win an election A Sunday Telegraph recently showed Labour picking up 60 seats in a general election and becoming the largest party in Parliament. Of course, there is no election on the horizon but it’s an incentive for Corbyn to grandstand on a Brexit deal and create enough chaos to force one.
Financials kicked off first quarter earnings season and five of the six biggest banks have reported mix results, with an underlying spin of optimism that the US remain in good shape. Shares of JP Morgan, Citigroup, and BlackRock are higher following results, while Wells Fargo and Bank of America are trading lower. Banks Quick Take
Labour party spokesman denies reports Brexit talks have stalled. The unemployment rate in the UK stays unchanged at 3.9% as expected. US Dollar Index climbs above 97 in the NA session. After spending the first half of the day a little below the 1.31 mark, the GBP/USD pair came under a renewed selling pressure and
A look at what’s moving markets As we head towards the European close on Tuesday, there isn’t much to talk about as far as price action goes. All major markets are well within 0.4% of daily opening levels, with most confined to even tighter ranges of 0.2%. Overall, not a lot of volatility in markets
British workers’ pay grew at its joint fastest pace in over a decade, fuelled by further job creation, adding to suggestions that Brexit uncertainty is prompting firms to hire workers rather than make longer-term investment in equipment. Total earnings, including bonuses, rose by an annual 3.5 percent in the three months to February, the Office
There’s a three-word phrase that’s terrifying just about everyone these days. If you take it at face value, it could trick you into making a dangerous mistake with your retirement. It springs from the following chart: The Yield-Curve Panic This chart tracks the spread between yields on the 10-year Treasury and the 2-year Treasury. In
BoJ’s Kuroda says the bank could consider additional easing. US Dollar Index stays calm near the 97 mark. Coming up: Industrial production and capacity utilization from the U.S. After fluctuating in a tight 20-pip range on Monday, the USD/JPY pair failed to make a decisive move in either direction today and was last seen trading
According to a report by the Evening Standard House of Commons to get a new vote on customs union in a few weeks This is to try and break the current Brexit deadlock ForexLive This comes as May’s government is facing warnings about a potential “wipe-out” at the European elections that is to come. Well,
Mild positive tones observed in early trades German DAX futures +0.2% French CAC 40 futures +0.2% UK FTSE futures +0.2% ForexLive This mainly mirrors the sentiment seen in US equity futures, which are also holding around 0.2% higher on the day so far. But with key earnings releases still to come and bonds looking less